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How Many of These Plants Will Ever Reopen?

Chrysler: / Companies / Automobiles - Chrysler to shut all plants for a month: Chrysler to shut all plants for a month By Daniel Dombey in Washington, John Reed in London and Julie MacIntosh in New York: Published: December 17 2008 23:58 | Last updated: December 18 2008 00:46: Chrysler said it would shut all 30 of its plants for at least a month in the latest sign of the growing travails of the US car industry. The carmaker said that in response to “the continued lack of consumer credit for the American car buyer”, and an accompanying drop in sales, it would make “all manufacturing operations” idle from tomorrow night. “Impacted employees will not return to work any sooner than Monday January 19,” it said, highlighting that in a recent meeting at Chrysler headquarters dealers complained they had lost 20-25 per cent of sales volume due to lack of financing...